Sentences with phrase «kinds of transactions covered»

There are basically two kinds of transactions covered, those with an intent to defraud creditor which can be void even if you are solvent at the time, and those that are fraudulent as a matter of law without regard to intent because they transfer property for less than reasonably equivalent value at a time when someone is, or imminently will be, insolvent.

Not exact matches

TILA generally covers consumer credit transactions of all kinds, including unsecured credit and credit secured by nonresidential property and applies only to transactions made by a person who «regularly extends» consumer credit.